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Business News/ Industry / Banking/ RBI alters bad loans divergence rule for banks

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RBI alters bad loans divergence rule for banks

1 min read 01 Apr 2019, 06:06 PM IST Join us

Arnab Paul , Reuters

Banks should disclose bad loan divergences if the additional provisioning has exceeded 10% of the company's profit before provision and contingencies
RBI did not change any rules that permit lenders to reveal divergences if additional gross NPAs exceeded 15% of the reported incremental gross NPAs

The Reserve Bank of India (RBI) headquarters in Mumbai. (Aniruddha Chowdhury/Mint) — The Reserve Bank of India (RBI) headquarters in Mumbai. (Aniruddha Chowdhury/Mint)

Bengaluru: The Reserve Bank of India (RBI) said on Monday banks should disclose bad loan divergences if the additional provisioning has exceeded 10% of the company's profit before provision and contingencies.

The central bank altered the additional provisioning requirements, which previously stated that banks should disclose divergences if the provisioning has exceeded 15% of net profit after tax.

The central bank did not change any rules that permit lenders to reveal divergences if the additional gross non-performing asset (NPA) exceeded 15% of the reported incremental gross NPAs.

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Published: 01 Apr 2019, 06:06 PM IST

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